Press Release

API Technologies Reports Results for the Fiscal Fourth Quarter Ended November 30, 2013

  • Fourth quarter revenue of $59.1 million, up 10.7% over prior fiscal year fourth quarter
  • Revenue from continuing operations for fiscal year 2013 of $244.3 million compared to $242.4 million in fiscal year 2012
  • Term loan repayments totaling $92.4 million through February 12, 2014

ORLANDO, Fla.– (Business Wire) – February 12, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced results for the fiscal fourth quarter and twelve months ended November 30, 2013.

API Technologies Wins New $3.9 Million Order for Microwave Subsystems from MBDA for Use in Sea Ceptor Program

ORLANDO, Fla.– (Business Wire) – February 11, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced that it has received a new, $3.9 million order for microwave subsystems from MBDA for use in the Sea Ceptor program, MBDA’s next generation, single-tier, all-weather air defense system.

No additional information is available due to the secure nature of this program. 

API Technologies Earns FIPS 140-2 Publication Validation for Cryptographic Module from NIST: Module Added to Short List of Products Qualified to Protect Sensitive Government and Military Information

ORLANDO, Fla.– (Business Wire) - February 7, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today that its Common Cryptographic Module has been validated by the National Institute of Standards and Technology’s (NISTs) Federal Information Processing Standard (FIPS) Publication 140-2.

This standard’s validation assures the U.S. Department of Defense, and its agencies, that API’s Common Cryptographic Module meets the rigorous security requirements for government and military use. Only modules tested and validated to FIPS 140-2 (and its predecessor FIPS 140-1) meet the applicability requirements to protect sensitive information.

API Technologies Announces Fourth Quarter Earnings Call

ORLANDO, Fla.– Business Wire – January 30, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced that it would issue its earnings release for the fiscal fourth quarter and year-ended November 30, 2013 after the market closes on February 12, 2014. A conference call to review the Company’s results will be held on February 13, 2014 at 10 a.m. EST. Bel Lazar, President and Chief Executive Officer, and Phil Rehkemper, Executive Vice President and Chief Financial Officer, will host the call.

API Technologies Introduces Radiation Tolerant Voltage Controlled Surface Acoustic Wave Oscillators (VCSOs)

Manufactured using a MIL-PRF-38534 Class K certified facility

Orlando, FL – January 23, 2014 - API Technologies Corp. (NASDAQ:ATNY) a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, now offers a new line of radiation tolerant voltage controlled Surface Acoustic Wave (SAW) oscillators (VCSO) for space, satellite communications, and aerospace systems. API Technologies is the first manufacturer of radiation tolerant VCSOs utilizing a MIL-PRF-38534 Class K certified facility.

API Technologies Receives New $1.4 Million Order for Power Systems

ORLANDO, Fla.– January 22, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today that it has received a new, $1.4 million order for TPS75 Tactical Power Supplies. The Company-designed power systems, which debuted at the Association of the United States Army (AUSA) Annual meeting and Exposition in October, will be used by the U.S. Department of Defense as a lightweight, mobile power supply to support a variety of C4ISR, UAV, and mission control applications.

API Technologies’ Circular Connectors Address Strict Safety Requirements for Lightning Protection

New Connectors Meet RTCA/DO-160 Section 22 Standards

ORLANDO, Fla. – January 8, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today that their EMI filtered and unfiltered circular connectors are now available to meet the standards for RTCA/DO-160 Section 22 Lightning Requirements. RTCA/DO-160 Section 22 outlines environmental conditions and testing procedures for airborne equipment, particularly for protection against lightning, to provide increased safety, system capacity, and overall efficiency.

API Technologies Announces New Switched Multiplexer with Integrated Low Noise Amplifier

Designed for Radar, EW, and ELINT Applications

Orlando, FL - January 07, 2014 – API Technologies Corp. (NASDAQ:ATNY) a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, is now offering a switched multiplexer that includes an integrated Low Noise Amplifier (LNA).  

Designed for radar, Electronic Warfare (EW) and Electronics Intelligence (ELINT) applications, this new multiplexer provides excellent broadband performance across the 2 GHz to 18 GHz range using suspended substrate stripline (SSS) technology. 

Specifically suited for agile receiver front ends and directional finding systems, API’s switched multiplexer provides a 20 dB gain with a 5 dB noise figure and fast switching at 100 nanoseconds as well as low DC power consumption of only 5.25 watts. Sub-octave filter bands used in the multiplexer provide excellent harmonic rejection and high isolation. 

API Technologies Completes Sale/Leaseback of State College, PA Facility

ORLANDO, Fla. & STATE COLLEGE, PA – January 6, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today the completion of a sale/leaseback transaction for its State College, PA location, located at 1900 West College Avenue, to Store Capital, a real estate investment firm, for $15.6 million. The Company used $14.3 million of the proceeds to pay down the Company’s term loan facility with Guggenheim Corporate Funding, LLC. As of August 31, 2013, the Company’s last reported financial quarter, the Company had $88.0 million in term debt obligations. As of January 3, 2014, the term loan balance is now $72.6 million.

New 2-18 GHz Broadband Synthesizer Announced by API Technologies

ORLANDO, Fla – December 12, 2013 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today the first in a new series of broadband synthesizers ideally suited for military requirements and high-end commercial applications such as microwave receivers, microwave telemetry systems, uplink communication platforms, instrumentation, and military communication systems. The new 2-18 GHz broadband synthesizer features a wideband design with low phase noise and excellent broadband performance, and is packaged in a hermetic, laser-welded housing.

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